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A monopoly granted to a person who has e...

A monopoly granted to a person who has either invented a new and useful article, made inprovement in an existing article or invented a new process of making an article is called

A

biopiracy

B

bioethics

C

patent

D

genetic modification

Text Solution

Verified by Experts

The correct Answer is:
C
A patent is the right granted by government to an inventor to prevent others from commercial use of his invention. When patents are granted for biological entities and for products derived from them, these patents are called biopatents. Primary industrialised countries, like U.S.A Japan and members of European Union, are awarding biopatents.
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